United States Department of
COMMERCE NEWS  
Washington, D.C. 20230             

ECONOMICS AND
STATISTICS ADMINISTRATION
------------
U.S. Census Bureau
U.S. Bureau of Economic Analysis
                                
This release contains sensitive economic
data not to be released before 8:30 a.m. Wednesday,
November 10, 2004

CB-04-202
BEA-04-50
FT-900 (04-09)

For information on goods contact:
U.S. Census Bureau:
Nick Orsini             (301) 763-2311

For information on services contact:
U.S. Bureau of Economic Analysis:
Technical:  Christopher Bach  (202) 606-9545
Media:      Ralph Stewart     (202) 606-9690

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
September 2004
           
Goods and Services

     The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total September 
exports of $97.5 billion and imports of $149.0 billion
resulted in a goods and services deficit of $51.6
billion, compared with $53.5 billion in August,
revised.  September exports were $0.8 billion more
than August exports of $96.7 billion.  September
imports were $1.2 billion less than August imports of
$150.2 billion.

     In September, the goods deficit decreased $1.4 billion
from August to $55.6 billion, and the services surplus
increased $0.6 billion to $4.0 billion.  Exports of goods
increased $0.9 billion to $68.9 billion, and imports of
goods decreased $0.5 billion to $124.5 billion.  Exports of
services decreased $0.1 billion to $28.5 billion, and
imports of services decreased $0.7 billion to $24.5 billion.
                                                                  
     In September, the goods and services deficit was up
$10.3 billion from September 2003.  Exports were up
$11.5 billion, or 13.3 percent, and imports were up $21.8
billion, or 17.1 percent.

Goods

The August to September change in exports of goods
reflected increases in foods, feeds, and beverages
($0.6 billion); industrial supplies and materials ($0.5 billion); 
capital goods ($0.3 billion); and consumer goods ($0.3
billion).  Decreases occurred in other goods ($0.2 billion)
and automotive vehicles, parts, and engines ($0.1 billion).
     
The August to September change in imports of goods
reflected decreases in industrial supplies and materials ($0.7
billion); other goods ($0.3 billion); and foods, feeds, and
beverages ($0.1 billion).  Increases occurred in capital goods
($0.4 billion) and automotive vehicles, parts, and engines
($0.2 billion).  Consumer goods were virtually unchanged.

The September 2003 to September 2004 change in
exports of goods reflected increases in industrial supplies
and materials ($3.3 billion); capital goods ($3.2 billion);
consumer goods ($1.1 billion); automotive vehicles, parts,
and engines ($0.9 billion); other goods ($0.4 billion); and
foods, feeds, and beverages ($0.2 billion).

The September 2003 to September 2004 change in
imports of goods reflected increases in industrial supplies
and materials ($9.8 billion); capital goods ($4.4 billion);
consumer goods ($2.6 billion); automotive vehicles, parts,
and engines ($1.9 billion); other goods ($0.2 billion); and
foods, feeds, and beverages ($0.2 billion).
     

Services
     
Services exports decreased $0.1 billion from August to
September.  Decreases in travel and other transportation
(which includes freight and port services) were partly offset
by an increase in other private services (which includes
items such as business, professional, and technical services,
insurance services, and financial services).  Changes in the
other categories of services exports were small.

Services imports decreased $0.7 billion from August to
September.  The decrease was more than accounted for by a
decrease in royalties and license fees, which had been
boosted in August by payments for broadcast rights for the
2004 Summer Olympic Games.  Changes in the other
categories of services imports were small.
          
From September 2003 to September 2004, services
exports increased $2.5 billion.  The largest increases were in
travel ($0.8 billion), other private services ($0.8 billion), and
other transportation ($0.5 billion).  

From September 2003 to September 2004, services
imports increased $2.8 billion.  The largest increases were in
other private services ($0.8 billion), other transportation
($0.8 billion), and travel ($0.7 billion).
                                  
Goods and Services Moving Average 

For the three months ending in September, exports of
goods and services averaged $96.7 billion, while imports of
goods and services averaged $148.6 billion, resulting in an
average trade deficit of $51.9 billion.  For the three months
ending in August, the average trade deficit was $53.0 billion,
reflecting average exports of $95.2 billion and average
imports of $148.3 billion.
                               
Scheduled release dates through February 2005 are located on page 30


Selected Not Seasonally Adjusted Goods Details 
                                   
The September figures showed surpluses, in billions of
dollars, with Australia $0.6 (for August $0.6), Hong Kong
$0.5 ($0.4), Singapore $0.3 ($0.6), and Egypt $0.1 ($0.1). 
Deficits were recorded, in billions of dollars, with China
$15.5 ($15.4), Western Europe $7.9 ($10.0), the European
Union (25) $7.7 ($9.6), OPEC $6.7 ($7.0), Japan $6.1 ($6.4),
Canada $5.3 ($6.0), Mexico $3.8 ($3.7), Korea $2.1 ($1.5),
Taiwan $1.1 ($1.5), and Brazil $0.9 ($0.6).
                                 
Advanced technology products (ATP) exports were $17.3
billion in September and imports were $20.4 billion, resulting
in a deficit of $3.2 billion.  September exports were $1.3 billion
more than the $16.0 billion in August, while imports were
virtually unchanged from August.
                                 
Revisions
                                   
Goods carry-over in September was $0.5 billion (0.7
percent) for exports and $1.2 billion (0.9 percent) for imports. 
For August, revised export carry-over was $0.2 billion (0.2
percent), revised down from $0.5 billion (0.7 percent).  For
August, revised import carry-over was $0.5 billion (0.4
percent), revised down from $1.3 billion (1.0 percent).
                                 
Services exports for August were revised up $0.1 billion to
$28.7 billion; the revision was more than accounted for by an
upward revision in transfers under U.S. military sales
contracts.  Services imports for August were virtually
unchanged at $25.3 billion.


NOTICE

The Census Bureau has identified a processing error that caused incorrect
deflators to be applied to the revised data for April 2004 through
September 2004, as published in exhibits 10 and 11 of the September issue of
the U.S. International Trade in Goods and Services report. The revision
procedure for the real dollars requires compiling new deflators at the end of
each quarter and applying them to the current and previous quarter. On
November 18, a new set of deflators was compiled and applied to the April 2004
through September 2004 seasonally adjusted data. Exhibits 10 and 11 have been
recompiled and are available at www.census.gov/trade and
www.bea.gov/bea/di/home/trade.htm.

The revisions do not affect the chained-dollar import, export, or gross domestic
product estimates produced by the Bureau of Economic Analysis.

If you have further questions, contact the U.S. Census Bureau, Foreign Trade
Division at: (301) 763-3251 or e-mail Glenn Barresse at
glenn.a.barresse@census.gov.

Table of Contents

Seasonally Adjusted
   
Exhibit 1   International Trade in Goods and Services. . . . . . .4

Exhibit 2   U.S. International Trade in Goods and Services 
Three - month Moving Averages. . . . . . . . . . . . . . . . . . .5

Exhibit 3   U.S. Services by Major Category--Exports . . . . . . .6

Exhibit 4   U.S. Services by Major Category--Imports . . . . . . .7

Exhibit 5   U.S. Trade in Goods. . . . . . . . . . . . . . . . . .8

Exhibit 6   Exports and Imports of Goods by Principal 
End-Use Category. . . . . . . . . . . . . . . . . . . . . . . . . 9

Exhibit 7   Exports of Goods by End-Use Category and Commodity . 10

Exhibit 8   Imports of Goods by End-Use Category and Commodity . 12

Exhibit 9  Exports, Imports, and Balance of Goods, Petroleum and
Non-Petroleum End-Use Category Totals. . . . . . . . . . . . . . 14

Exhibit 10 Real Exports and Imports of Goods by Principal End-Use
Category (2000 Chain-weighted dollars) . . . . . . . . . . . . . 15

Exhibit 11 Real Exports, Imports, and Balance of Goods, 
Petroleum and Non-Petroleum End-Use Commodity Category Totals 
(2000 Chain-weighted dollars). . . . . . . . . . . . . . . . . . 16

Not Seasonally Adjusted

Exhibit 12  U.S. Trade in Goods. . . . . . . . . . . . . . . . . 17

Exhibit 13  Exports and Imports of Goods by Principal 
End-Use Category. . . . . . . . . . . . . . . . . . . . . . . . .18

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
Countries and Areas   . . . . . . . . . . . . . . . . . . . . . .19

Exhibit 15  Exports and Imports of Goods by Principal 
SITC Commodities. . . . . . . . . . . . . . . . . . . . . . . . .21

Exhibit 16  Exports, Imports, and Balance of Advanced 
Technology Products. . . . . . . . . . . . . . . . . . . . . . . 23

Exhibit 17  Imports of Energy - Related Petroleum Products, 
Including Crude Oil. . . . . . . . . . . . . . . . . . . . . . . 24

Exhibit 18  Exports and Imports of Motor Vehicles and Parts 
By Selected Countries. . . . . . . . . . . . . . . . . . . . . . 25

Information on Goods and Services. . . . . . . . . . . . . . . . 26

SOURCE: Report FT900 (CB-04-202, BEA-04-50), Bureau of the Census, Foreign 
Trade Division, September 2004.  For more information, contact Nick Orsini 
(301-763-2311), Foreign Trade Division. 